For the third quarter ended September, Weibo’s net profit attributable to shareholders rose more than five times to US$181.7 million from US$33.8 million during the same period a year ago. Photo: Shutterstock
For the third quarter ended September, Weibo’s net profit attributable to shareholders rose more than five times to US$181.7 million from US$33.8 million during the same period a year ago. Photo: Shutterstock
IPO

Weibo files for Hong Kong secondary listing, as China’s answer to Twitter joins march by Chinese stocks to list nearer home

  • Nasdaq-listed Weibo files draft prospectus with the Hong Kong stock exchange, paving the way for an IPO
  • Secondary listing will help Sina Corporation and Alibaba backed Weibo raise funds for content expansion and technology upgrade

For the third quarter ended September, Weibo’s net profit attributable to shareholders rose more than five times to US$181.7 million from US$33.8 million during the same period a year ago. Photo: Shutterstock
For the third quarter ended September, Weibo’s net profit attributable to shareholders rose more than five times to US$181.7 million from US$33.8 million during the same period a year ago. Photo: Shutterstock
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